Banking is a
lucrative career. A majority of young aspirants who go for an MBA aim for
either marketing or Finance which will help them find a good job in the
corporate world. But those who do not have time to spend 2 years in MBA, can
always go for a 1 year PGDM in Banking and Finance
that will equip them with all the essential knowledge.
We have combined
a list of topics that you require to master and have a deep knowledge of, to
build a career in the banking industry. Go through them below and see how much
effort you need to put in which field.
1. Financial and Management
Accounting
It is the core
and most important factor of the financial sector. You must know how to manage
the finances and accounts of a company. And you will learn that during your
diploma classes. It doesn’t matter which of the Banking Diploma courses you opted
for, the faculty over there will start with this subject only. They will help
you with the basics of this thing so you understand it easily.
2. Corporate Tax and Tax
Planning
Taxing is a
crucial aspect of an organisation. You have to take this matter seriously. You
must work on possessing the right knowledge about the taxing system. This way,
you will be able to implement your learnings in the real world whenever and
wherever necessary. Do not forget to give extra time to learn about corporate
tax. It will come in handy when you will be working for an MNC tomorrow.
3. Inclusive Banking
It is more like
opening the doors of banks for those people who are using non-banking and
non-formal financing options like usurer. You will learn this thing in detail
during your 1 year PGDM in Banking and Finance.
You will get to know how to reach such people and make them aware of the
banking system and all the options available for them to explore.
4. Banking Law & Practice
You have to
acquaint yourself with all the rules and laws of the banking field. No knowledge
in this matter will put any finance professional in great trouble. There are
many bank-related laws in the Constitution of India including the Banking
Regulation Act of 1949 and the Banking Laws (Amendment) Bill of 2024 where the latter has only been tabled in the
Parliament for consideration.
5. Management &
Organisation Behaviour
We agree that it
is a part of business administration but you will get to learn about it in your
Banking Diploma courses. Knowing
organisational behaviour is essential to understanding the workings of the
company and managing it well in times to come. You will have it as a separate
subject so you can know about it in great detail anyway.
6. Investment Banking
Everybody knows
that investment banking is a lucrative career direction that people would love
to steer into. Especially when they find their calling in the financial field.
As it is a serious matter you will be dealing with, you must have a thorough
understanding of IPOs and debt financing along with capital raising and merger
acquisition. The broader your scope of work is, the better opportunities you
will come across.
Conclusion
In addition to
all these niches, you also must learn about corporate & retail banking as
well as advanced banking. Make sure you enrol for that kind of 1 year PGDM in Banking and Finance
where you will learn about one and each topic covered in this blog. Only then
you will become an efficient banking professional.
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